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Lending & Credit Risk

Drought impacts on cattle ranching continue

Mary Ellen Biery
September 20, 2012
Read Time: 0 min

The U.S. Department of Agriculture this week announced $11.8 million in additional financial and technical assistance to help livestock and crop producers reduce the impacts of drought, signaling efforts to continue helping farms and ranches hit by the moderate or worse drought conditions affecting 54 percent of the country.

These widespread drought conditions have been providing cattle producers more incentives to thin their herds on top of last year’s record liquidation, a trend Sageworks Inc. recently noted when it released a financial update on privately held cattle ranching and farming businesses.

Sageworks’ financial statement analysis showed privately held cattle ranching and farming businesses have experienced a nearly 30 percent increase in revenues over the last 12 months. Profit margins are also improving.

See Sageworks’ data release on cattle ranching and farming businesses here.

About the Author

Mary Ellen Biery

Senior Strategist & Content Manager
Mary Ellen Biery is Senior Strategist & Content Manager at Abrigo, where she works with advisors and other experts to develop whitepapers, original research, and other resources that help financial institutions drive growth and manage risk. A former equities reporter for Dow Jones Newswires whose work has been published in

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About Abrigo

Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

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